Good Morning, Futures prices at the CBOT are trading mixed in a bit of a Turnaround Tuesday with beans up 3, corn down 3 following yesterday’s surge in prices on short-covering in the grains. Yesterday there were rumors that further negotiations between the US...
November 9, 2018 Good Morning, Markets are lower this morning as traders make adjustments following the USDA’s decision to go back and alter 10 years worth of Chinese balance sheets for corn, beans and wheat. In particular it was the sharp rise in China’s...
Good Morning, Markets are up 1 this morning as traders anxiously await the USDA’s numbers that will come out at 11am. (Estimates are listed below) US Production (billion bushels/million acres) USDA November Avg. Estimate USDA October Corn Production 14.721 14.778 Corn...
Good Morning, Futures are trading lower in corn and soybeans with the Democrats seizing the House of Representatives, while the Republicans held onto the Senate in the Mid-Term Elections. Ultimately, little changed with the outcome of the election other than the White...
Good Morning, Corn and beans are both trading lower this morning down 1 and 4 respectively. Traders are watching three things for direction going forward: 1. Today’s election results. 2. Thursdays USDA S&D report. 3. Chinese and US trade talks. Today’s mid-term...
Good Morning, After mutual statements of optimism about trade talks from Presidents Trump and Xi yesterday, the markets responded with sharp price gains led by soybeans. While this was a great move in the markets (corn up 3 and soybeans up 30) producers need to...
